| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
90 |
| Employees |
350 |
| Revenues (TTM) (Millions $) |
819 |
| Net Income (TTM) (Millions $) |
170 |
| Cash Flow (TTM) (Millions $) |
6 |
| Capital Exp. (TTM) (Millions $) |
176 |
Business Description
Noble Midstream Partners LP is a master limited partnership (MLP) that is engaged in the acquisition, development, and operation of midstream energy infrastructure assets in the United States. The company was formed in 2014 and is headquartered in Houston, Texas.
The company's assets include pipelines, gathering systems, crude oil storage facilities, and other midstream infrastructure that provide essential transportation, storage, and processing services for the oil and gas industry. Noble Midstream Partners LP primarily operates in the prolific oil and gas producing regions of the DJ Basin in Colorado and the Delaware Basin in Texas.
The company's parent company, Noble Energy Inc., is a leading independent energy company that specializes in exploration and production of natural gas and crude oil. Noble Midstream Partners LP was created to provide midstream services to Noble Energy's upstream operations, as well as to other customers in the same regions.
Noble Midstream Partners LP has a strong balance sheet, with a debt-to-equity ratio that is below the industry average. The company has a diverse customer base, which includes Noble Energy as well as other producers in the regions where it operates. These factors should provide a stable source of revenue for the company, regardless of fluctuations in oil and gas prices.
The company has a proven track record of growth, both through acquisitions and organic expansion. For instance, in 2018, Noble Midstream Partners LP acquired a 30% stake in the EPIC Crude Oil Pipeline that runs from the Permian Basin in West Texas to the Gulf Coast. In addition, the company has invested in new gathering systems and oil and gas processing plants to serve its customers' needs.
Noble Midstream Partners LP is committed to environmental and safety stewardship. The company has implemented rigorous safety protocols and invests heavily in maintaining the integrity of its pipelines and other assets. Noble Midstream Partners LP also takes steps to reduce its environmental impact, such as reducing its methane emissions.
In summary, Noble Midstream Partners LP is a well-capitalized, growth-oriented MLP that provides essential midstream services to the oil and gas industry. The company's strategic partnership with Noble Energy, coupled with a diversified customer base, positions it for continued success in the coming years.
Company Address: 1001 Noble Energy Way Houston, 77070 TX
Company Phone Number: 872-3100 Stock Exchange / Ticker: NASDAQ NBLX
|
%